₦airaland Forum

rationalmind:
Why do guys get married to people they don't trust?

I have my wifes bank app on my phone, she has mine on hers, I can move money between both accounts as I please, she can also do the same. She has access to my ATMs, has my pins and I also have access to hers.

Our "joint" account is in mutual funds. We both have the login details and can fund/withdraw independently.

God forbid if any of us dies tomorrow, the other has total control over any money left behind.

Likeminds, marriage is about trust and love. If we can share the same bed, food, house, we might as well trust ourselves with money.

bump

Barrytone:
That advent is on DMO site, just seen it but cant paste here.

I have been pondering on this question. In 10 years, could we see an exchange of over N500 to a dollar? Any government that allows that would have thrown our country to the dogs. But then, looking back, 10 years ago, naira was exchanging at about N150 to a dollar. Now, it's circa N360. Any thoughts?

emmanuelewumi:
There is difference between Eurobond and Eurobond fund.

The Eurobond fund is a mutual fund, you can FBN Eurobond Fund with $2500.

Buying Eurobond directly on your own you will need minimum of $100,000 or more

Yeah i know. I thought so too. Maybe they increased the minimum for Eurobond to $200,000 recently. Thanks.

emmanuelewumi:
Buy Eurobond funds, FG bond or mmf.

There is a rumour of currency devaluation in the next 4 weeks, Eurobond Fund won't be a bad idea

Or buy shares of companies who earn in dollars eg Seplat, Airtel, Dangote cement earns in dollars from his branches in other African countries

FBNQuest told me the entry point for Secondary Market Eurobond is $200,000. Same from Stanbic. From your experience, would you validate this? Sometimes, these marketers are not well versed in their products.

If secondary market is $200,000, i wonder how much the primary market is then.

I am thinking of subscribing to an euro bond fund and considering these 3. FBN, UBA, Stanbic.

Am skewing towards UBA as the account opening process and customer service was seamless. But their DOM account is with FCMB. Would domiciling my DOM account with FCMB exempt me from the 0.5%-1% transfer charges i may incur if i were to use another bank for example Stanbic?

With respect to annual performance over the last 3 years, would you have some data to fill in my gaps?

I was able to gather the following:

Firm/Yr 2017 2018 2019
Stanbic 6.26% 7.33% TBD
United TBD 7.13% 8%
FBN TBD 4.33% 10.35%

Thanks in advance.

omobacyprus:
How can I get in

Dear Prospective Investor,
Comercio Partners Capital Limited is delighted to announce that the Lagos State Government (“Lagos State” or “the State”) has finalized arrangements for the launch of the Series III, up to N100 Billion Bond Issuance (‘’the Issuance’’); under the State’s N500 billion Bond Issuance Programme.

The proceeds of the Issuance will enable Lagos State accelerate the development of physical and social infrastructure in the State; particularly in respect of the current government’s THEME Agenda. Lagos State is pleased to continue to access the domestic debt markets, given the very strong support garnered over the last twelve (12) years from the investor community. The State has been able to access much needed complementary funding, which augments the State’s revenues and provides the critical support required to accelerate and actualize the provision of physical and social infrastructure/amenities, thus improving the overall living standards of residents in the State.

Please find set out below the indicative terms of the proposed offer:



Issuer: Lagos State Government
Ratings (Issuer): A+ (GCR) A+ (Agusto & Co)
Ratings (Issue): A+ (GCR) Aa- (Agusto & Co)
Joint Issuing House:
Lead Issuing House: Comercio Partners Capital Limited
Chapel Hill Denham Limited
Programme Size: N500billion
Issue Size: Up to N100billion
Interest Basis: Fixed Rate
Ranking of notes Senior Unsecured
Use of proceeds: To finance physical and social infrastructural development projects in the State
Security Trust Structure Irrevocable Standing Payment Order (“ISPO”) and Consolidated Debt Service Account (“CDSA”) funded from the State’s Internally Generated Revenue
Series: III
Tenor: 10yrs
Amortisation 24 months from Issue Date
Principal Redemption: Amortized redemption commencing at the expiration of the 24 month moratorium
Indicative Coupon (%): 11.75% - 12.25%
Offer Open: December 31, 2019
Offer Close: January 13, 2020
Minimum Subscription: Minimum of N10million, with multiples of N5million thereafter
Listing: FMDQ Securities Exchange and / or The Nigerian Stock Exchange
Liquidity Status An application will be submitted to CBN for the grant of Liquidity Status, at the completion of the transaction
Tax Consideration: The bonds are tax exempt
The Book Build commences on Tuesday December 31,2019 and ends on Monday January 13, 2020.

Please find the following documents forwarded herewith, in connection with the Issuance:

Pricing Supplement (Red Herring)
Series Trust Deed
Ratings Reports (Issuer and Issue, issued by both Agusto and GCR)
Commitment Letter
PENCOM Clearance Letter

Please do not hesitate to contact any of the undersigned should you require clarification or additional information:
Steve Osho
Managing Director
0802 341 6537
Steve.osho@comerciopartners.com

Olaide Ogundeyi
Senior Associate
0815 760 8672
olaide.ogundeyi@comerciopartners.com

Kelechi Igbokwe
Analyst
0706 180 7406
kelechi.igbokwe@comerciopartners.com

oludy:
Alakuko, Lagos. N1.5m

Sold

xtiedre:
How much and location?

Alakuko, Lagos. N1.5m

oludy:
Today is the rental payment day. Am yet to receive any payment. Called up Lotus Capital and they said it's general and no one seems to have been paid yet. Is this the same for all of you guys?

So Dec 28th was the next payment date but falls on a Saturday. Am guessing the payment will be made today being the next working day. I hope am right and the payments wasn’t done the working day before.

Payment effected as I thought.

Still available.

chloride6:
110% certain...

Thanks.

chloride6:
Why are people not interested in Sukuk?

Call your broker, you can get the sukuk 2 at like 13% yield...

But there will be no sukuk 3 this year sha...

I like Sukuk. Pls how certain are you that there will be no Sukuk 3?

Bump

Still available.

igbizen:
This is why I mentioned earlier that diversifying investment is the best. Now with the non-availability of secondary market, I have to leave my money in my account for another 80 days so I can mop up. No one knows when we are going to wake up from this CBN adjustment. It might even get worse.���

You could try mopping up with mutual funds. A bit more returns than leaving funds in your bank account i believe?

- Bought brand new about 2 years ago.
- About 450 hours on the clock.
- Used to power a 3 phase Dough mixer 30 minutes or so a day
- Maintenance done by accredited vendor
- As close to brand new as you can get.
- Whatsapp 08035484539

titilope07:
Maximum redemption online is 2.5m,but if you wish to redeem more than that contact the stanbic ibtc branch

I agree. Thanks!

skyangel:
Well, I've not had reason to go beyond 2.5 m . I have not for once had more than that in my mmf account.

You should try out the tip as @Boyhood rightly said. Let the house know how it goes.

Yes, i have tried it before but does not go above 2.5m. That was how i knew there was a limit.

skyangel:
You can update your redemption limit though your online log in (not mobile app)
Just log in to your online account, you'll select redemption limit, update, type in 5,000,000 or whatever amount you want to update to, answer your secret question and update. It is that easy.

I thought there is a limit of N2.5m, or is there a way to increase that beyond? I am curious to know.

Available and negotiable.

Still available

unite4real:
I have not received as well. Let's keep our fingers crossed. Let's know when alert enters to inform ourselves

Well, got the rental a few minutes ago. Am wondering, does the custodian get a percentage?

unite4real:
I have not received as well. Let's keep our fingers crossed. Let's know when alert enters to inform ourselves

Cool.

unite4real:
Got my letter today. How about urs.

Today is the rental payment day. Am yet to receive any payment. Called up Lotus Capital and they said it's general and no one seems to have been paid yet. Is this the same for all of you guys?

Pls ignore.

Wondering if this post can be deleted.

2 units available for sale. Call 08035484539 for details. Thx.

bump

Bump

Hi, any one with Stanbic's secondary rates today? Thanks in advance.

Just the steel table and cake display available. Others are gone. Thanks.

All sold. Thanks.

Still available.